Chart

8 Shareholders’ equity and employee participation plans

8.1 Movements in shares outstanding

 

 
Shares (each share has a nominal value of CHF 0.10)

Shares issued

Treasury shares

Shares outstanding

Balance at January 1, 2017

 11,541,371 

 – 

 11,541,371 

New shares issued based on employee participation plans

 106,406 

 – 

 106,406 

 

 

 

 

Balance at June 30, 2017

 11,647,777 

 – 

 11,647,777 

 

 

 

 

Balance at January 1, 2018

 11,664,872 

 – 

 11,664,872 

New shares issued based on employee participation plans

 94,387 

 – 

 94,387 

 

 

 

 

Balance at June 30, 2018

 11,759,259 

 – 

 11,759,259 

 

8.2 Dividends paid

 

 

2017

2018

Number of shares eligible for dividend

11,608,657

11,731,033

Dividends paid (CHF/share)

1.75

2.00

 

8.3 Conditional share capital reserved for the employee participation plans

 


Shares (each share has a nominal value of CHF 0.10)

2017

2018

Balance at January 1

 761,841 

 638,340 

New shares issued based on employee participation plans

 (106,406) 

 (94,387) 

 

 

 

Balance at June 30

655,435

543,953

 

 

 

Employee share options and employee shares, not yet delivered

 255,992 

 224,690 

 

8.4 Conditional and authorized share capital for the purpose of future business development

 

 

2017

2018

Conditional share capital

 

 

Shares (with a nominal value of CHF 0.10 each)

 1,800,000 

 1,800,000 

 CHF 

 180,000 

 180,000 

 

 

 

Authorized share capital

 

 

 Expiry date

 13.04.2018 

 17.04.2020 

 Shares (with a nominal value of CHF 0.10 each)

 2,200,000 

 2,200,000 

 CHF 

 220,000 

 220,000 

 

8.5 Employee share option plans

(See note 10.4.1 of the consolidated financial statements 2017 for the terms and principal conditions.)

 

Movements in employee share options:

 

 

Employee share options

2017

 

2018

 

Balance at January 1

 113,893 

 94,984 

Exercised 

 (22,088) 

 (17,374) 

Forfeited or expired

 (1,334) 

 (2,850) 

 

 

 

Balance at June 30

 90,471 

 74,760 

 

 

 

Thereof exercisable at period-end 

 40,827 

 27,910 

 

8.6 Employee share plans (Performance Share Matching Plans [PSMP] and other share plans)

(See note 10.4.2 of the consolidated financial statements 2017 for the terms and principal conditions.)

 

Movements in employee shares:

 

 

Employee shares 

2017

 

2018

 

Balance at January 1

 226,130 

 213,735 

PSMP 2014 and 2015 - matching shares vested and transferred

 (55,876) 

 (57,917) 

PSMP 2014 and 2015 - matching shares forfeited

 (7,927) 

 (133) 

PSMP - initial shares transferred (blocked)

 26,630 

 17,089 

PSMP - maximum of matching shares granted

 52,076 

 42,724 

PSMP - initial shares forfeited and retransferred

 (439) 

 – 

PSMP - initial shares de-blocked and available to the participants

 (3,659) 

 – 

Share plan 2016 and 2017 - Board of Directors - shares vested and transferred

 (2,251) 

 (2,064) 

Share plan 2017 and 2018 - Board of Directors - shares granted

 2,064 

 1,619 

 

 

 

Balance at June 30

 236,748 

 215,053 

 

 

 

Thereof vested, but blocked until the end of the performance period

 68,116 

 65,123 

 

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